Migrating CGT data from Simple Ledger Desktop to Simple Invest 360

The following article has been prepared to assist with the migration from Simple Ledger Desktop to Simple Invest 360. The article will be broken into two sections
- From Simple Ledger Desktop
- To Simple Invest 360

The article will focus on bringing the Investment balances from Simple Ledger Desktop to Simple Fund 360. For assistance with opening balances, please see the following articles:
- Opening Balances - How to set up a Trust
- Opening Balances - How to set up a Company
- Opening Balances - How to set up an Individual

For further enquiries relating to migrations, you may contact our specialist Client Success team to help you along the way. To contact them....
- Email success@bglcorp.com.au
- Log a support call. When logging a support call, set the problem statement to "Migration/Conversion". 

From Simple Ledger Desktop

From within Simple Ledger Desktop, from the Investment Reports tab, generate the Detailed Unrealised Capital Gains Report. The report needs to be Exported to PDF. 

For a more detailed explanation, please see our dedicated article on how to export the Detailed Unrealised Capital Gain report from Simple Ledger. 

To Simple Invest 360

Within Simple Invest 360, there are two steps that need to be completed. Firstly, the entity needs to be set up. Secondly, once the entity has been set up, you will be able to use the CGT Smart Docs function to bring in CGT data. 

1. You will need to create an entity within Simple Invest 360 for the relevant data to be imported into. For assistance with setting up an entity, please see our dedicated article on Entity setup.

2. Import the Detailed Unrealised Capital Gains Report into Simple Invest 360 using the Smart Docs function. For assistance with using the Smart Docs CGT function, please see the dedicated help article on Smart Docs - CGT. 

Common queries:

Custom Investments:

If there is a custom investment in the upload and the system doesn't recognise the investment, it's just a matter of creating the account in the Chart of Accounts. 

You will know that the entry isn't found in the Chart of Accounts by hovering the cursor over the '!' icon and seeing the message - 'Entries missing Account'



Click anywhere in the grey box to expand upon it. In doing so, you'll see the option to 'Type Investment Code'. Click on this box. 



You will need to create the account within Simple Invest 360. You can begin this process by clicking 'Add New Account'. 



For further assistance on adding the custom investment account, see our article on How to add Investment Accounts.

Properties: 

Often when importing properties, you will need to create the property account in the Chart of Accounts. Unlike other investments, this is completed through the Property Dashboard. 

You will know that the entry isn't found in the Chart of Accounts by hovering the cursor over the '!' icon and seeing the message - 'Entries missing Account'



Click anywhere in the grey box to expand upon it. In doing so, you'll see the option to 'Type Investment Code'. Click on this box. 



You will need to create the account within Simple Invest 360. You can begin this process by clicking 'Add New Account'. 



From the drop-down menu, select 'Property'



You will be re-directed to the Property Dashboard where you will be able to create the property account in Simple Invest 360. For further assistance with this process, please see our article on the Property Dashboard.

Clearing Accounts: 

The following example will demonstrate what to do in the situation where investments have been posted to clearing accounts.

Example:

In this scenario, the report being used for the import - Unrealised Detailed Capital Gains Report, will only bring in the debit balance of the investment account. Users will need to manually record the liability balance.